When does inflation hurt economic growth? Different nonlinearities for different economies

The effects of inflation on growth are shown to change substantially as the inflation rate rises. Moreover, the nonlinearities are quite different for industrial economies than for developing countries. Whereas it is often assumed that inflation does not significantly hurt growth in developing count...

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Veröffentlicht in:Journal of macroeconomics 2004-09, Vol.26 (3), p.519-532
Hauptverfasser: Burdekin, Richard C.K., Denzau, Arthur T., Keil, Manfred W., Sitthiyot, Thitithep, Willett, Thomas D.
Format: Artikel
Sprache:eng
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